Business, 18.04.2020 03:47, bri2576

If a 2424 percent increase in the price of Cheerios causes a 2727 percent reduction in the number of boxes of cereal demanded, the price elasticity of demand for Cheerios is minus−nothing. (Enter your response rounded to two decimal places.) The demand for Cheerios is

a. inelastic unit −elastic
b. elastic .

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If a 2424 percent increase in the price of Cheerios causes a 2727 percent reduction in the number of...